Foreigner : What is the procedure to realize
a real estate project in Vietnam?

The Vietnamese government requires a partner
citizen of Vietnam to realize a real estate
projects in Vietnam.

A foreigner must be in partnership with
a Vietnamese citizen partner in order to
undertake any real estate project in Vietnam.

Note : a foreigner can only buy ONE apartment
in Vietnam under their name without creating
a company, but under certain conditions.

They must be resident in Vietnam for 6 months
before the purchase of the apartment, be the
holder of a
business visa in Vietnam
and buy the property directly from a real estate
developer (not from an owner).

The foreign investor and the Vietnamese
citizen must
create a company in Vietnam
to buy one or several properties (to
use, for rental or resale).

According to the Vietnamese government
requirement, the foreign investor must
be able to finance their project in
Vietnam.

The government will set the amount of
the investment license depending on the
functioning of the company and the real
estate project.

The amount of the investment will fund
the activity of the project : purchase
real estates, office rentals, employee
salaries, equipment, vehicles, subcontracting...